Oil Heads for Weekly Loss on Economic Uncertainty

Oil Heads for Weekly Loss on Economic Uncertainty
Cargo shipping containers are seen adjacent to storage tanks at Marathon Petroleum's Los Angeles Refinery, in Carson, Calif., on March 11, 2022. Reuters
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LONDON—Oil prices were on track for a hefty weekly loss as economic and interest rate uncertainty weighed, though prices were stable on Friday as the eurozone recovery gathered pace unexpectedly.

Brent futures for June delivery edged down by 4 cents, or 0.05 percent, to $81.06 a barrel at 0932 GMT. West Texas Intermediate crude (WTI) for June delivery was down 1 cent, or 0.01 percent, at $77.36.